Thomson Reuters is launching a cryptocurrency real-time rates data feed. The new service is expected to provide “reliable, real-time information” for six digital coins across major crypto exchanges. The stated goal is to encourage efficiency and transparency for cryptocurrency investors within the global market place.

Six Cryptocurrencies Will Be Tracked

The new Cryptocurrency Real Time Rates are already accessible through a customized API interface on Thomson Reuters Eikon platform. The application is providing trading data from various crypto exchanges including Bitflyer and Bitpoint. More trading platforms will be added in the future, according to a Reuters report. Read more...

Cryptocurrency trading by financial firms could increase in 2018, according to a new Thomson Reuters survey, with approximately 20 percent indicating they are considering trading cryptocurrency over the next 3–12 months. The survey was conducted among more than 400 clients across all of Thomson Reuters trading solutions, including Eikon and REDI, as well as its FX platforms.

“Cryptocurrency is still a relatively small part of the trading market, but this survey makes clear this niche segment is starting to enter the mainstream of the financial services industry. This is a major change from a year ago,” said Neill Penney, co-head of Trading at Thomson Reuters, in a statement. “The most important thing for our clients is seamless access to news and data around cryptocurrencies to facilitate informed trading decisions.” Read more...

Thomson Reuters is set to track and analyze mentions of Bitcoin – the dominant cryptocurrency by market capitalization – across hundreds of social media and news websites.

Mainstream Analysis

Canadian multinational mass media and information firm Thomson Reuters is to track and analyze conversations about Bitcoin across hundreds of news and social media websites, in an effort to help keep investors interested in the dominant cryptocurrency ahead of the curve.

As reported by Reuters, this analysis will come in the form of a new version of the company’s MarketPsych Indices, which Thomson Reuters operates alongside behavioral economics research firm MarketPsych Data. Read more...